ON Semiconductor stock drops 3.7% into the weekend: what to watch before Feb. 9 earnings
ON Semiconductor shares fell 3.7% to $59.89 Friday, tracking a 3.87% drop in the Philadelphia Semiconductor Index after strong inflation data and the nomination of Kevin Warsh as Fed chair. The company will report fourth-quarter and full-year results after markets close on Feb. 9, with a conference call at 5 p.m. ET.